On October 3, 2008, President Bush signed the Emergency Economic Stabilization Act Of 2008 into law. Section 133 of this legislation required the SEC to study fair value accounting and report on its impact. On December 30, 2008, the SEC issued its study on fair value accounting, Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-to-Market Accounting. This study recommended that exiting fair value accounting and mark-to-market standards, including SFAS No.157, should not be suspended.